Word: traded
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Dates: during 1960-1969
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...Louis R. Krasno told a Senate subcommittee that in research for United Air Lines in San Francisco he had studied 1,400 ground personnel for 31 years. All were men aged 41 to 60; half of them had taken four daily capsules of clofibrate (trade-named Atro-mid-S), while the other half received dummy capsules. So far, there have been 47 new heart attacks, 37 among the 700 men on the placebo, but only ten among those on clofibrate. Of 17 attacks among men who had previously had a heart attack, only three struck men on the drug. There...
Died. James M. Langley, 73, former Ambassador to Pakistan, publisher of the Concord (N.H.) Daily Monitor and negotiator (with Filipino Senator José P. Laurel) of the 1954 Laurel-Langley trade agreements, which virtually eliminated quotas on Philippine goods entering the U.S.; of a stroke; in Concord...
Quietly Determined. The U.S., meanwhile, was more immediately concerned about the export subsidies, which could put an added strain on its own trade position by increasing the flow of French goods into the country. As a result said William M. Roth, President Johnson's special representative for trade negotiations, the U.S. stood ready to "protect its interests" by imposing countervailing duties on French imports. Both American tariff law and the General Agreement on Tariffs and Trade provide for such duties; essentially they are designed to increase the cost of imports to offset government subsidies paid on products by exporting...
...year. BOAC Chairman Sir Giles Guthrie calls the pilots "spoiled children." A three-week-old wildcat strike by 187 female upholstery stitchers has shut down British Ford's huge Dagenham plant, idling 5,000 workers and interrupting the output of autos for the export trade that Britain must increase for its economic survival...
...Labor unrest is only one evidence that British complacency has more than survived last fall's devaluation of the pound. Though exports have since climbed by 15%, Britain's promised curb on imports has yet to take effect. May's $206 million trade deficit was just as large as April's. Last week the pound went to a post-devaluation low of $2.3829 on foreign exchange markets. Prime Minister Harold Wilson has so far refused to intervene in the labor disputes, after saying optimistically that "British industry...